Published On: Thu, Nov 16th, 2017

Philadelphia 76ers Give Robert Covington A Four Year Contract Extension

The Philadelphia 76ers just secured their starting small forward for the next four seasons. Robert Covington and the team are finalizing a deal that will pay him $ 62 million over the span of the extension. According to Adrian Wojnarowski of ESPN, League sources have said that 76ers general manager Bryan Colangelo and Covington’s representatives with CAA Sports expect the deal to be signed by the end of the week.

Included in the deal is a renegotiated salary for the current 2017-2018 season, as he will now make an additional $ 15 million this year on top of the $ 1.57 million. The next four years moving forward will see Covington receive roughly $ 47 million over that duration.

The up-front payment by the 76ers in this deal gives the team more flexibility moving forward in free agency. The team will have $ 25 million in cap space this summer, which will allow the team to pursue another player worthy of a max contract to add to their up-and-coming young team.

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Philadelphia 76ers Give Robert Covington A Four Year Contract Extension